Foundation for the Arts

Analysis

Foundation for the Arts is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1964, 62 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for the Arts reported income of $2.3m and spending of $2.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.3m (+124%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for the Arts sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include National Hellenic Museum ($2.3m), Lubbock Experience Incorporated ($2.3m) and Delaware Theatre Company ($2.3m).

At year end it held assets of $29.7m against liabilities of $63k, net assets of $29.7m.